The Tyrant Billionaire-Chapter 635 Partnering With The Hardy Group Part 2
Paul smiled and nodded. "In that case, we’ll need to conduct a thorough investigation of your assets and perform a valuation."
"No problem," Abdullah Hussain Idris agreed readily.
The investment company dispatched a team led by Paul, accompanied by security personnel, to inspect the Idris family’s properties. They reviewed account books, land deeds, factory equipment, and financial records over the years, ultimately arriving at a fair valuation.
$3.5 million.
The Idris family proposed selling 30% of their shares to the Hardy Investment Group. The investment company, however, preferred 40%, while ensuring the Idris family retained operational control.
The Idris family eventually agreed.
The Hardy Group was to pay $1.4 million to the Idris family. However, the transaction was structured differently, as the Idris family also needed support from the Hardy Group.
They required financial aid, technological support, and, most importantly, access to the Hardy Group’s extensive network. With robust distribution channels in the U.S., Europe, Japan, Hong Kong, Penang, and Malacca, the Hardy Group offered unparalleled reach.
The Idris family’s products could seamlessly integrate into the Hardy Group’s ecosystem, eliminating concerns over sales.
For instance, their tobacco leaves could be sold to cigarette factories in Japan and Hong Kong, their spices supplied to markets in Japan, Hong Kong, and Europe, and their rice and flour directly exported to Japan. Even their raw rubber could be absorbed within the group’s distribution channels.
In this regard, the Idris family stood to gain significant advantages, which could be factored into the investment value.
Additionally, the Hardy Group offered protection. Paul explained with a smile, "All Hardy Group enterprises worldwide receive protection from HD Defense Company. We pay legitimate taxes but do not tolerate harassment or threats in any form."
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After several rounds of negotiations, the final agreement was as follows:
The Idris family would transfer 40% of their shares to the Hardy Investment Company.
In return, the Hardy Group would provide:
- Agricultural support: Access to advanced seeds, planting techniques, and processing machinery through partnerships with major American agricultural companies.
- Financial support: Priority access to loans from Wells Fargo under favorable conditions.
- Sales channels: Full access to the Hardy Group’s global distribution network.
- Security services: Protection from HD Defense, with an annual fee of $150,000 to be paid solely from profits unrelated to Hardy Group shares.
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As for the $1.4 million, it was offset by the Hardy Group’s support policies.
The Idris family’s enterprise shares were split, with Abdullah Hussain Idris holding 60% and Azman Idris holding 40%. The two brothers signed the agreement and affixed their seals. The contract was then notarized by the Dominion’s notary office, making it legally binding.
Hafiz Idris, observing his father and uncle, remained silent throughout. It was only on their way back home that he finally voiced his thoughts.
"Father, Uncle, are we really giving away 40% of the Idris family’s assets to Governor Hardy, and on top of that, paying $150,000 annually for protection?" he asked indignantly.
Had this decision not been jointly made by his father and uncle, he might have assumed one of them had lost their mind.
Looking at his son, Abdullah Hussain Idris spoke in a deep and steady tone, "Hafiz, you’re still young. Although you’ve had some education, there are things you’ve yet to experience. You should know how complicated the situation in Malaya is right now. Despite our family’s modest wealth, we’re nothing more than a struggling family caught between powerful interests.
"And what does it mean to be a lone boat? It means we could be capsized by the smallest wave at any moment. Even a minor ripple, such as a Sultan deciding to exploit our family, would be enough to ruin us.
"With the current state of affairs growing more precarious, the Idris family must find a reliable patron. In the past, I hoped to ally with the British, but they prioritize appeasing the Chinese to retain control of Malaya, often at the expense of us Malays.
"Now, with the emergence of Governor Hardy, I finally see a glimmer of hope. So what if we give up 40% of our assets? With access to the Hardy Group’s channels, I can confidently say our wealth will double in two years. At that point, the assets we ’gave away’ will have already returned to us.
"Truthfully, this 40% stake is akin to a protection fee. And as for the $150,000 annual security expense, I’m actually relieved they’re willing to take it. Paying that money ensures the protection and survival of the Idris family in these turbulent times."
Beside him, Azman Idris nodded in agreement. "Exactly. Now that the Hardy Group holds 40% of our enterprise, any trouble we face—be it harassment or attempts to seize our business—would be seen as an attack on the Hardy Group itself. They would intervene, and we’d be shielded. In essence, we’ve made an excellent deal."
Only then did Hafiz Idris come to a realization.
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